Car Insurance went up 50%

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Old 10-09-2023, 06:07 AM
msilagy msilagy is offline
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We are paying for all the accidents paid out in this no fault state of Fl. I have Geico and when I called them that's the explanation I got. Bad drivers, uninsured drivers, etc. I have a 2014 Mustang, 2021 Lexus 250, and I pay $969 every 6 months which will be going up. I'm mid 70's no accidents or tickets for over 30 years.
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Old 10-09-2023, 06:16 AM
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Topspinmo Topspinmo is offline
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Originally Posted by LuvtheVillages View Post
Did you have a milestone birthday?
Did you move to a new zip code?
Does your insurance company think you are a loyal customer and unlikely to move?

Insurance rates are set by those factors as well as your accident record.

They raised rates cause they can. When you HAVE to have it with no regulations on price the can do what they want. Luckily they’re not organized like OPEC yet.

Last edited by Topspinmo; 10-09-2023 at 08:11 AM.
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Old 10-09-2023, 06:22 AM
Nana2Teddy Nana2Teddy is offline
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Mine neither. We must have ticked off the moderator at one point. Have you ever been in TOTV jail? That will definitely get your daily email cancelled. I haven't but apparently I committed a minor offense.
When I don’t receive a daily digest I usually find it in junk mail. I highly doubt moderators can control your daily digest email.
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Old 10-09-2023, 06:33 AM
Babubhat Babubhat is offline
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Originally Posted by msilagy View Post
We are paying for all the accidents paid out in this no fault state of Fl. I have Geico and when I called them that's the explanation I got. Bad drivers, uninsured drivers, etc. I have a 2014 Mustang, 2021 Lexus 250, and I pay $969 every 6 months which will be going up. I'm mid 70's no accidents or tickets for over 30 years.
One thousand a year for each car is a reasonable price.
  #20  
Old 10-09-2023, 07:12 AM
JoelJohnson JoelJohnson is offline
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Someone at Villages Insurance told me that Traveler's is one of the best.
  #21  
Old 10-09-2023, 07:20 AM
lpkruege1 lpkruege1 is offline
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Default State Farm has been good to me

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Originally Posted by Vleka View Post
Has anyone else had their car ins go up that high without having any accidents or tickets?? If so have you found another agent of company yet?
Btw, why doesn’t this forum show up in my emails anymore?
Check with State Farm. They seem pretty good to me. I have them for Wisconsin and Florida.
  #22  
Old 10-09-2023, 07:35 AM
nn0wheremann nn0wheremann is offline
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Originally Posted by Vleka View Post
Has anyone else had their car ins go up that high without having any accidents or tickets?? If so have you found another agent of company yet?
Btw, why doesn’t this forum show up in my emails anymore?
Yes. I was told this was due to the vehicle losses in last year’s hurricanes.
  #23  
Old 10-09-2023, 07:49 AM
GATORBILL66 GATORBILL66 is offline
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Originally Posted by Vleka View Post
Has anyone else had their car ins go up that high without having any accidents or tickets?? If so have you found another agent of company yet?
Btw, why doesn’t this forum show up in my emails anymore?
It's only going to get worse. Look at what these companies are paying out for riots, hurricanes, floods, fire and especially all those crazy lawsuits and the rising crime rate.
  #24  
Old 10-09-2023, 07:54 AM
MrFlorida MrFlorida is offline
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They all went up, best option is to shop around.
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Old 10-09-2023, 08:02 AM
sowilts sowilts is offline
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USAA, remains near the same rate for Home, Auto and umbrella on homes and Golf Cart. Rate depends on if I purchase another car.
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Old 10-09-2023, 08:06 AM
FredJacobs FredJacobs is offline
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My insurance agent told me that once you hit 80 (age not speed) expect your insurance to increase annually. Evidently, you become more of a risk and the insurance company would prefer that you surrender your license.
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Old 10-09-2023, 08:19 AM
OhioBuckeye OhioBuckeye is offline
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Sorry to hear that but I’m afraid it’ll go higher only because automobiles will keep getting more expensive, one reason I’m against EV’s, EV’s cost on an average of $40,000 more that Mustang & that Lexus you have the same thing in a EV just add $40,000 to it, my point is the more expensive the auto’s go the more Ins. & repairs you’ll pay, brace yourself because that house you own is going to cost to more in insurance too! More of a reason to vote for another party, it’s your money!
  #28  
Old 10-09-2023, 08:22 AM
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Topspinmo Topspinmo is offline
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Originally Posted by FredJacobs View Post
My insurance agent told me that once you hit 80 (age not speed) expect your insurance to increase annually. Evidently, you become more of a risk and the insurance company would prefer that you surrender your license.
Naturally, after the milked them for 60 plus years. Prudential life in late 80s or early 90s realized they was going to have pay out big bucks with whole life policies rhey wrote. So they devised schemes to offer cash paid out which decreased or eliminated whole life payout. It worked when you flash some cash working class can;t resist it.

They had government law suit against them, but they still came out ahead IMO. Insurance is about reducing financial liability while milking there customers. Once you reach thrust hold your liability IMO. They raise rate so high you go somewhere else. Then process starts all over.
  #29  
Old 10-09-2023, 08:30 AM
JGibson JGibson is offline
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In my home state the insurance companies would have to show the state proof and financials to raise their rates. So they were heavily regulated.

I would imagine the influx of migrants flooding the country would contribute to this as they are not eligible for a license or insurance in Florida so they drive with no license or insurance, that is a formula for disaster.
  #30  
Old 10-09-2023, 08:32 AM
frostola frostola is offline
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We are with Hartford too and ours went up $450, no tickets or accidents. Shopped around and found same coverage for less than what we were paying before increase.
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